Monday, May 5, 2014

Department of Defense to Study Bitcoin as Possible Terrorist Threat

FOX News reports:
A division within the Department of Defense is investigating whether the digital currency bitcoin is a possible terrorist threat.

The Combatting Terrorism Technical Support Office is spearheading a program that will help the military understand how modern technologies could pose threats to national security, including bitcoin and other virtual currencies, the International Business Times reported.

A memo detailing some of the CTTSO projects states, “The introduction of virtual currency will likely shape threat finance by increasing the opaqueness, transactional velocity, and overall efficiencies of terrorist attacks,” as reported by Bitcoin Magazine, according to IBTimes.
Have I mentioned yet that government regulation will be a major impediment for Bitcoin as an anonymous currency?

1 comment:

  1. No one said they wouldn't be. Doesn't mean we should bow down and not look for and test alternatives.